Millionaire

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Concept.png Millionaire Rdf-entity.pngRdf-icon.png
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While quite a few in the managerial upper class are millionaires, they are definitely not the financial deciders in the world.

Millionaire, as opposed to billionaire. As of December 2020, there were estimated to be 46.8 million millionaires or high-net-worth individual (HNWIs) in the world. The United States had the highest number of HNWIs (11 Million) of any country, in a total of 3.5 million millionaire households.

Historical worth

Depending on how it is calculated, a million US dollars in 1900 is equivalent to:

  • $21.2 million using the GDP deflator,
  • $24.8 million using the consumer price index,
  • $61.4 million using the gold price[1]
  • $114.1 million using the unskilled wage,
  • $162.8 million using the nominal GDP per capita,
  • $642 million using the relative share of GDP,

Thus one would need to have almost thirty million dollars today[2] to have the purchasing power of a US millionaire in 1900, or more than 100 million dollars to have the same impact on the US economy.

Global cities with the most super-wealthy millionaires per capita (higher than $30 million)

According to wealth research group Wealth-X that released its latest UHNW Cities report, showing the residential footprint of the world's top ultra-high net worth (UHNW) individual cities.

Excluding Monaco – which has very high UHNWI density – Geneva has the highest density of super-wealthy people per capita in the world. The city is known as the most compact metropolitan area, and also enjoys a concentration of affluence. Singapore has the second-highest concentration, followed by San Jose, the center of Silicon Valley, and the largest city in Northern California. While New York City leads in terms of overall UHNW footprint, London has a similar number of UHNW "second homers" despite a considerably smaller population. Paris features as the second-highest European city, after London, Wealth-X said. Among suburbs and smaller towns, Beverly Hills has the highest overall number of UHNW residents, and Aspen has the highest concentration on a per capita basis, the report showed. Ultra-high net worth individuals are defined by Wealth-X as those whose total net worth is higher than $30 million (R400 million).[3] Fig below illustrates Cities with The highest millionaire density worldwide (higher than $1 million).

Number of millionaires per country by Credit Suisse

Credit Suisse's "Global Wealth in 2019" measured the number of adult millionaires in the world. According to the report, the US has 18.6 million millionaires, highest in the world.[4]

Rank Country Number of
Millionaires
% of world total
1 United States 18,614,000 40%
2 China 4,447,000 10%
3 Japan 3,025,000 6%
4 United Kingdom 2,460,000 5%
5 Germany 2,187,000 5%
6 France 2,071,000 4%
7 Italy 1,496,000 3%
8 Canada 1,322,000 3%
9 Australia 1,180,000 3%
10 Spain 979,000 2%
11 Netherlands 832,000 2%
12 Switzerland 810,000 2%
13 India 759,000 2%
14 South Korea 741,000 2%
15 Taiwan 528,000 1%


 

Examples

Page nameDescription
Sam AltmanYoung visitor to the 2016 Bilderberg
John Jacob AstorThe first multi-millionaire in the US
Waldorf Astor
Christoph BlocherMillionaire Swiss politician, businessman who attended the 2009 Bilderberg
David Harold ByrdTexas oilman with connection to LBJ, who made millions of dollars from the JFK assassination.
Tony ComperSingle Bilderberg, Bank of Montreal head
John Deuss"One of the most successful international wheeler-dealers of recent decades" who lived "a charmed life on the edge" with help from the UK and US deep states
Joaquin DuatoThe new CEO of Johnson & Johnson
José Entrecanalesmulti-millionaire businessman
Mary ErdoesMoney manager for JPMorgan Chase. Georgetown, CFR, Bilderberg.
Bill GammellMulti-millionaire Bush family connection and connection to Tony Blair.
Richard GnoddeMulti millionaire South African money man. Attended his first Bilderberg in 2019
Alex GorskyThe CEO of Johnson & Johnson (2012 to 2021)
Roger HertogUS-Israeli millionaire, "the one man who has, far more than anyone else, financially enabled the neoconservative movement to exist"
Amo HoughtonUS multi-millionaire politician. Attended the 1972 Bilderberg as CEO of family company Corning, on the verge of becoming world's leading manufacturer of optical fiber.
Tim HwangUS internet businessman who attended the 2018 Bilderberg aged 26, maybe the 4th youngest of all time.
James KimseyInternet service provider AOL founder with deep military ties, Bilderberg
Ömer KoçMulti-millionaire Turkish businessman, Koç Holding/Chair
Christopher LiddellNew Zealander who attended the 2017 Bilderberg as White House Director of Strategic Initiatives. Appointed to the White House Coronavirus Task Force in 2020
Divesh Makan"The spider of Silicon Valley" big money manager and "consigliere" to billionaire, especially Mark Zuckerberg.
William McLeanLittle known Canadian double Bilderberger
Simon RobertsonGoldman Sachs
Edmond Adolphe de RothschildRothschild family member...
Sheryl SandbergThe Chief Operating Officer (COO) of Facebook
Ernest-Antoine SeillièreMillionaire French businessman, Bilderberg/Steering committee, Le Siècle
J. Martin TaylorUK Millionaire banker and businessman. Former Bilderberg steering committee
Alexander Thynn
Patrick VallanceUK millionaire businessman/physician who in March 2018 moved from Director of GlaxoSmithKline to become the UK/Chief Scientific Adviser, chair of Scientific Advisory Group for Emergencies
Susan WojcickiBusinesswoman and current Youtube CEO
Nadhim ZahawiCercle chair, UK minister of COVID-19 vaccine deployment, explicitly denied that the UK govenment was planning on introducing vaccine passports although leaked documents contradict this.


References